From Washington to Brussels to Delhi: Biofuels Under Pressure
The market is firmly in reactionary mode as Washington weighs the politically sensitive question of reallocating small refinery exemptions. A draft EPA proposal is now under White House review, and while the intent is to redistribute exempted gallons back into the Renewable Fuel Standard, the volumes are large enough that lawsuits appear inevitable. D4 RINs have not shown any real ignition on the news, with the December ’25 contract last at $1.055 (–1.17% on the day), while December ’26 sits higher at $1.115.
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